- Lesson: Do not invest in a token that doesn't have any utility or whose product is not ready.
Honestly, although the project has the product and the team says that their product will be realistic enough, used by million of people, this will also not guarantee that the project will be successful.
That is why I never want to invest in the very new project even with good real use case probability. the risk is still high enough.
Fake exchange listing promises
This always happens again and again. On the website and during the token sale, the team always say that they will list the token in top exchange, finally on Binance.
But, how can it be then? It's just a shit, holly shit that most new projects will only lay on this. They will start with DEX or even very small exchange, with small trading volume and also liquidity, and then the token dropped and becomes dead tokens before listing on even middle exchanges.